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Transcript

Are You Crazy? Are You Crazy? Are You Crazy? · Suze Orman's Women & Money (And Everyone Smart Enough To Listen)

• 0:09
  Suze: Surprise everybody. This is not a best of. This is live.
• 0:16
  Suze: This is us. We're here.
• 0:17
  KT: KT and Suze live in the house.
• 0:19
  Suze: And it's August 27th, 2026. And why did we decide
• 0:25
  Suze: to come and do a podcast today when normally for
• 0:29
  Suze: the summer schedule, and who knows how long that summer
• 0:33
  Suze: schedule may last because we're having a great time, everybody.
• 0:36
  Suze: We wanted to come to you because how could we not,
• 0:40
  Suze: given what happened two days ago.
• 0:44
  KT: Yeah, we have to honor our royalty, American royalty.
• 0:49
  Suze: Yeah, Dolly Parton. Oh my God, everybody, how sad were
• 0:53
  Suze: you when you originally heard the news. I wanted to cry.
• 0:57
  Suze: I think everybody wanted to cry.
• 0:58
  KT: I did cry. I was shocked actually, Suze.
• 1:02
  KT: Because I knew when her sisters talked about she wasn't
• 1:05
  KT: well and then she had to cancel her show in Vegas,
• 1:09
  KT: she canceled a...
• 1:10
  Suze: Yeah, many things in her last ride...
• 1:12
  KT: But then she came on air and told everyone, Don't worry,
• 1:14
  KT: I'm dealing with a couple little issues.
• 1:17
  Suze: When do you think she taped that? I think she
• 1:18
  Suze: taped that far before. She really...
• 1:22
  KT: You do?
• 1:22
  Suze: Yeah, I do.
• 1:23
  KT: And then all of a sudden she's radio silent and
• 1:26
  KT: then her nephew just stands up and tells the world
• 1:29
  KT: that she's gone.
• 1:31
  Suze: Yeah, but they had pre-recorded that as well as if
• 1:34
  Suze: they knew because she died, as you know, everybody at
• 1:37
  Suze: the hospital, and now they're saying with a brief bout
• 1:41
  Suze: of cancer, whatever the reason.
• 1:45
  Suze: The greatest thing of all about Dolly.
• 1:50
  Suze: She was a real doll. She was a doll that
• 1:54
  Suze: everybody loved. There was never one person in this entire world.
• 2:01
  Suze: That didn't love her, you know, nobody.
• 2:04
  KT: A lot of the interviews I listened to all day
• 2:08
  KT: on the 25th when she passed, one of the interviews
• 2:12
  KT: I found most fascinating was a single question, and it
• 2:15
  KT: was to a panel of people there and I think on,
• 2:19
  KT: on MSNnow or CNN, one of the shows we listened,
• 2:22
  KT: and they said, Have you ever heard anyone say anything
• 2:27
  KT: negative about Dolly Parton and they all stopped and they
• 2:33
  KT: said no, never men and women, men and women loved her.
• 2:38
  KT: Everyone loved her.
• 2:39
  Suze: Right. And for me, I'm happy that she's resting in
• 2:43
  Suze: peace now because obviously she suffered quite a bit over
• 2:46
  Suze: this time.
• 2:48
  KT: She missed her husband.
• 2:48
  Suze: It was only like a year after he died, I think,
• 2:51
  Suze: wasn't it?
• 2:52
  KT: Not too far apart.
• 2:53
  Suze: Yeah, so I'm sure she's happy that she joined him.
• 2:57
  Suze: But tell everybody about our experience with Dolly.
• 3:00
  KT: Oh, we were so, we, we had Suze and I
• 3:03
  KT: had a lot of fun with the Suze Orman Show
• 3:05
  KT: and being in New York, and Suze Orman was a
• 3:08
  KT: very frequent guest on the Today Show, as was Dolly,
• 3:13
  KT: and we would run into her and on one Friday
• 3:16
  KT: she was singing. We ran into her in the green room.
• 3:20
  KT: And I said, Dolly, can you do me a favor?
• 3:23
  KT: Can you say happy birthday to my friend Grover? He's
• 3:26
  KT: a Tennessee man. He would love to hear from his
• 3:30
  KT: Tennessee gal. He's not feeling well and it's his birthday.
• 3:34
  KT: She said, Sure, honey. What's his name? I said, Grover. Well,
• 3:38
  KT: of course it's Grover, and she whispered and said, Grover,
• 3:43
  KT: happy birthday. It's Dolly here, and I have to whisper
• 3:47
  KT: because we're on air live, and she just gave out
• 3:51
  KT: the biggest smile and hug and then, of course, saw
• 3:55
  KT: Suze and they did all their little love, love fest
• 3:58
  KT: photos together, but we enjoyed that moment and Grover...
• 4:04
  KT: To this day I'm sure now is just listening to
• 4:08
  KT: that message over and over again.
• 4:10
  Suze: And the reason she's sure now, is that when Grover
• 4:15
  Suze: got that message, he had just been admitted that day
• 4:18
  Suze: actually into the hospital with serious cancer, and nobody knew
• 4:24
  Suze: would Grover make it, would he not?
• 4:26
  KT: He made it with flying colors.
• 4:28
  Suze: Oh he made it. And so what did KT do
• 4:31
  Suze: the day that Dolly died? She sent that video to
• 4:35
  Suze: him to remind him...
• 4:37
  KT: How lucky he was.
• 4:39
  Suze: So no doubt, KT, he absolutely...
• 4:43
  KT: What was her, what was, what was the most favorite
• 4:46
  KT: song for you, Suze, that she sang?
• 4:50
  Suze: Oh boy, um, it's the one she wrote for her husband.
• 4:55
  Suze: Do you remember?
• 4:57
  KT: And then Whitney Houston...
• 4:59
  Suze: Because I...
• 4:59
  KT: Always, yeah, yeah, (KT sings a bit)
• 5:03
  Suze: Don't ruin it for people now. Don't ruin it for them. But,
• 5:07
  Suze: but I always thought of you when I heard that.
• 5:11
  KT: Me?
• 5:11
  Suze: Well, who else would I think about?
• 5:13
  KT: What a great song.
• 5:15
  Suze: Of course it was you, KT. So, but anyway, so Dolly,
• 5:22
  Suze: we hope wherever you are...
• 5:25
  KT: You're having a party and you're singing your heart out.
• 5:28
  Suze: You betcha.
• 5:29
  Suze: And all. All right. Next, tell everybody where we were just days ago.
• 5:34
  KT: We were back to New York now. Suze and I were
• 5:37
  KT: in New York last weekend, and we had a blast
• 5:42
  KT: first time for both of us at the Barclays Arena
• 5:45
  KT: in Brooklyn.
• 5:46
  KT: We had so much fun. I had never been to
• 5:50
  KT: a WNBA game. Have you, Suze?
• 5:54
  Suze: You know, I haven't.
• 5:55
  KT: Not with me, but have you ever?
• 5:57
  Suze: KT? No.
• 5:58
  KT: OK, so this was a really big night for us.
• 6:01
  KT: It's a Saturday night. We're in New York. It's summer.
• 6:05
  KT: We are so happy to be with our pals Cathy
• 6:08
  KT: and Hope having the best night. We get there and
• 6:12
  KT: Suze's pal, Karen Finnerman, Karen, I'm gonna give you a big, big,
• 6:16
  KT: I love love fest shout out.
• 6:19
  Suze: You can watch her, by the way, she's always on
• 6:21
  Suze: Fast Money and has been for years on CNBC.
• 6:24
  KT: Can I tell them? Karen is one of the owners
• 6:26
  KT: of Liberty.
• 6:27
  Suze: Yeah and the WNBA, by the way, KT.
• 6:30
  KT: Karen invited us, all four of us, to join her
• 6:34
  KT: and her family and some of her guests for dinner
• 6:37
  KT: at the Crown Club, which is in the Barclays Center.
• 6:40
  KT: We loved it. Wait, so we walk in and this woman,
• 6:46
  KT: blonde woman, very suntanned, looks and beelines to Suze Orman
• 6:51
  KT: and says, You are sitting next to me, and that
• 6:54
  KT: woman was another one of my heroes, Diana Nyad. And
• 7:00
  KT: for those of you that don't remember, and you should,
• 7:03
  KT: she is a legend mermaid in my opinion.
• 7:07
  KT: She's the woman that swam after a number of attempts
• 7:12
  KT: from Cuba to Key West, and she, they made a movie.
• 7:16
  KT: There was a great movie. I, I don't remember the
• 7:18
  KT: name of the movie, but a great...
• 7:20
  Suze: Diana Nyad, but anyway go on.
• 7:21
  KT: Was that the name of the movie?
• 7:21
  Suze: I think so.
• 7:23
  KT: They made a film, um, about her with, uh, Annette
• 7:27
  KT: Bening and Jodie Foster, and the woman that played that
• 7:31
  KT: Jodie Foster played Bonnie, who was Diana's kind of best
• 7:35
  KT: friend and coach throughout that was there, she was there
• 7:38
  KT: for dinner, so we had a great night.
• 7:41
  Suze: Tell them about the other woman.
• 7:41
  KT: There was one more guest there named Candace, a friend
• 7:45
  KT: of Diana's, also at the table, looked at Suze and said,
• 7:49
  KT: Have I got a story for you?
• 7:52
  KT: She said, Suze Orman, I first laid eyes on you
• 7:56
  KT: at the Buttercup Bakery back in the day when you
• 8:00
  KT: were a waitress and I had a crush on you.
• 8:04
  KT: And I would go there with my girlfriends and say,
• 8:07
  KT: I hope that blonde waitress serves our table.
• 8:11
  KT: And she said, I went many times for breakfast just
• 8:14
  KT: looking for you.
• 8:15
  Suze: But tell them my highlight.
• 8:18
  KT: Well, wait, then I had a bigger highlight than Suze's.
• 8:21
  KT: So Karen looks at me, says, KT, on your way
• 8:23
  KT: in to watch the, the warm up because we had
• 8:27
  KT: VIP seats on your way in,
• 8:29
  KT: don't miss the candy room, I said. The what? she said,
• 8:33
  KT: there's a candy room, and you get to pick all
• 8:36
  KT: the candy and popcorn you want, bring it to your seat,
• 8:40
  KT: and have a blast. So we...
• 8:42
  Suze: So I'm looking for KT. I'm looking all over for her.
• 8:46
  KT: It's like almost game time.
• 8:47
  Suze: It's the time for the game to start.
• 8:50
  Suze: Where is KT? Nobody can find her. All of a sudden, everybody,
• 8:54
  Suze: she comes walking out with an armful of candy, Good
• 8:59
  Suze: and Plenty, Nestle's Crunch, popcorn, M&Ms. Really, she couldn't hold
• 9:06
  Suze: anything else in her arms. I go, and we don't
• 9:09
  Suze: eat sugar. Got that?
• 9:10
  Suze: Well we did that night, but, and I go, are
• 9:13
  Suze: you crazy? So anyway, so then we head into the arena.
• 9:19
  KT: We go in and to our surprise, something happened that
• 9:24
  KT: none of us, none of us expected.
• 9:27
  Suze: Especially me.
• 9:28
  KT: And it wasn't my arm full of candy.
• 9:31
  KT: So Suze walks in with Cathy and Hope before me
• 9:34
  KT: and I'm struggling holding all the treats and all of
• 9:37
  KT: a sudden the whole section on the right side of
• 9:42
  KT: the arena burst into cheers and applause.
• 9:48
  KT: Not for the players, not for the team, not even
• 9:52
  KT: for Caitlin Clark, but for Suze Orman. Oh my God.
• 9:58
  KT: They were screaming, Suze, Suze, and in typical New York style,
• 10:04
  KT: they just rushed her, the fans, Suze fans from back
• 10:09
  KT: in the day, wanting pictures, autographs, and to tell her
• 10:15
  KT: how they listened to her and made a ton of money.
• 10:19
  Suze: Right, a ton of money. One woman...
• 10:22
  KT: What a night we had.
• 10:23
  Suze: One woman leaned over and said, Because of you, I
• 10:24
  Suze: have 1.5, and I said, 1.5 million? She said, Well,
• 10:29
  Suze: of course, Suze, what else would I be telling you about?
• 10:32
  Suze: It was fabulous.
• 10:33
  KT: It was fabulous. It was fun, fun, fun.
• 10:35
  Suze: Right? But I have to make an announcement, KT. I
• 10:39
  Suze: wore a jacket that night that was...
• 10:42
  KT: Wait, they have to look at the photos. Did you post them?
• 10:44
  Suze: Of course I posted them. All right, you can do
• 10:47
  Suze: it on the Women and Money app, see it, or
• 10:49
  Suze: on Instagram, however.
• 10:51
  Suze: I wore a jacket that said on the back of it,
• 10:54
  Suze: 'All You Need is Love,' and I wore that for
• 10:57
  Suze: a reason because I want the women to stop fighting.
• 11:00
  Suze: I can't stand it anymore. Stop being cruel to each other,
• 11:04
  Suze: being rough with each other. Understand that you have a
• 11:08
  Suze: great thing going now. Don't ruin it. And all of
• 11:14
  Suze: you sent me so many emails saying, where'd you get
• 11:17
  Suze: that jacket? I want that jacket. I love that jacket, jacket, jacket, jacket,
• 11:22
  Suze: and then I told a few of you, I got
• 11:25
  Suze: it online, at a place called Elan, E L A N,
• 11:30
  Suze: just a few of you, and then all of a
• 11:32
  Suze: sudden I realized, uh oh, and I went on Elan's site.
• 11:36
  Suze: It was only $67 by the way, not that that's only,
• 11:40
  Suze: but it wasn't like an expensive, expensive jacket, and now
• 11:43
  Suze: they're almost all sold out.
• 11:45
  Suze: So anyway...
• 11:47
  KT: (KT and Suze sing a little bit)
• 11:47
  Suze: All right, now, KT, we have now wasted, maybe wasted,
• 11:54
  Suze: but maybe not
• 11:55
  KT: No wasting. We're sharing...
• 11:56
  Suze: We're entertaining...
• 11:58
  KT: ... our fun stories.
• 11:59
  Suze: All right, because maybe you missed us and you missed
• 12:01
  Suze: our stories and what have we been doing. And now you know.
• 12:04
  KT: There's also some good advice you have to share with
• 12:08
  KT: everyone about Alliant.
• 12:09
  Suze: Oh, so, oh, listen to me.
• 12:12
  Suze: My Alliant.com. Write it down. My Alliant A L L
• 12:18
  Suze: I A N T.com. They have come out with a
• 12:23
  Suze: 12-month certificate for 4.10 APY and for amounts, by the
• 12:31
  Suze: way of $75,000 or more, 4.15 APY. Now the reason
• 12:38
  Suze: that I'm stressing this right now is that is one
• 12:41
  Suze: of the highest rates out there at this point in time.
• 12:46
  Suze: There's a few that have a little bit higher, but
• 12:50
  Suze: there's some catch to it. There's one that's higher, but
• 12:53
  Suze: it's for 14 months. But remember, with the Alliant Credit
• 12:58
  Suze: Union certificate...
• 13:00
  Suze: For 12 months, it could be for 12, 13, 14, 15, 16,
• 13:07
  Suze: or 17. So if you wanted to, because the minimum
• 13:11
  Suze: needed is $1,000 that's all you could stage it all
• 13:16
  Suze: the way for 12 months, 13 months, 14 months, and
• 13:19
  Suze: lock in that rate. Or you could just go to
• 13:22
  Suze: 17 months and lock in that rate for that period
• 13:26
  Suze: of time or just do the 12 month or whatever
• 13:30
  Suze: you want. That is a great, great rate. It is
• 13:35
  Suze: above the 12 month treasury right now, which makes it,
• 13:39
  Suze: no matter kind of what state you're in, OK to
• 13:42
  Suze: do it. Again, it is insured by NCUA. I am
• 13:47
  Suze: telling you, finally, and I have to say finally because
• 13:50
  Suze: it's been a while, sorry, Alliant, but it's true.
• 13:53
  Suze: It has been a while since you have offered a
• 13:57
  Suze: rate that is so competitive that it got me excited,
• 14:01
  Suze: and that is why I'm talking about it now. I
• 14:04
  Suze: don't know how long they're going to keep it in there.
• 14:07
  KT: Just do it.
• 14:08
  Suze: So, if you're looking to lock in a higher rate,
• 14:12
  Suze: if you have money that's in a bank account at
• 14:15
  Suze: like 0.5% or something, go to myalliant.com and now finally
• 14:23
  Suze: put your money, if you want to, in the twelve-month certificate.
• 14:29
  Suze: Just that simple. 4.10 APY - 75,000 or above, 4.15. All right,
• 14:38
  Suze: what do you got, KT?
• 14:40
  KT: So I have only one letter that I want to
• 14:44
  KT: discuss today.
• 14:46
  KT: Today's our kind of bonus pop-up day. I know how
• 14:50
  KT: I feel, but I don't know how she feels.
• 14:52
  Suze: And I want all of you to think about how
• 14:55
  Suze: you would feel if you were in this situation, because
• 14:59
  Suze: this is not the only letter that we get like this.
• 15:02
  Suze: All right, go on, KT.
• 15:03
  KT: OK, so this is, um, again about a breakup. It said,
• 15:07
  KT: Dear Suze and KT,
• 15:09
  KT: My boyfriend and I were together for a little over
• 15:12
  KT: 11 years. Over the last few years, he's been telling
• 15:16
  KT: me to go all in on Moderna stock by putting
• 15:20
  KT: everything I have in that stock. I am 44 years
• 15:24
  KT: old and I've been saving and investing since my early twenties.
• 15:29
  KT: I have a 401k, a Roth IRA, a traditional IRA,
• 15:35
  KT: a pension plan, and I have investments that have enabled
• 15:40
  KT: me to have almost $2 million in savings and investments.
• 15:46
  KT: I own my car, Suze, it's 13 years old and
• 15:49
  KT: I still love it.
• 15:51
  KT: I bought my first home for cash and sold it
• 15:54
  KT: at a profit a few years later, and now I've
• 15:57
  KT: been living with my mother, I've been working so hard
• 16:00
  KT: to make wise investments and build a fund where I
• 16:03
  KT: can buy a nice home in cash for my boyfriend
• 16:06
  KT: and I to live and build our life together. We
• 16:10
  KT: have had a tumultuous relationship and have been on and
• 16:13
  KT: off all these years. He's 12 years older than me
• 16:18
  KT: and doesn't have much money or savings.
• 16:21
  KT: So Suze, he's 56 right now. Ready? Listen to this, everyone.
• 16:26
  KT: So she said he keeps thin margins. He says he's
• 16:30
  KT: an entrepreneur that buys and sells internet domains for a living,
• 16:34
  KT: and he's great at it. Moderna stock has been not
• 16:38
  KT: for the faint of heart through the years. I have
• 16:42
  KT: bought shares and then lost quite a bit.
• 16:46
  KT: Then my boyfriend wanted to options trade and try to
• 16:50
  KT: make money that way on the stock, and we lost
• 16:54
  KT: everything we bet. I finally sold all the Moderna stock
• 16:58
  KT: I owned and invested in stocks that I thought were
• 17:02
  KT: wiser and that have consistently performed well for me throughout
• 17:06
  KT: the years.
• 17:07
  KT: I have an Alliant savings account per your advice, and
• 17:11
  KT: I've been focused on ensuring I have the money to
• 17:14
  KT: buy a home and have savings for emergencies. So when
• 17:19
  KT: Moderna stock went up significantly last Wednesday, August 19th, due
• 17:25
  KT: to the successful cancer trial, my boyfriend was furious with me.
• 17:33
  KT: I can't believe this. He kept pressuring me to invest
• 17:37
  KT: everything I could immediately to try to earn whatever I
• 17:41
  KT: could in the upswing that day, but Suze, I didn't
• 17:45
  KT: have any money to invest in that, and I failed
• 17:48
  KT: my boyfriend.
• 17:51
  KT: I, oh my goodness, wait, listen to this, everyone. All right,
• 17:54
  KT: I know how Suze and I both feel about him,
• 17:57
  KT: but listen to this. Ultimately he broke up with me.
• 18:01
  Suze: Thank God.
• 18:02
  KT: Wait, because that was our opportunity to buy one or
• 18:06
  KT: two homes anywhere we wanted, and I messed up. I
• 18:10
  KT: failed him. I made the biggest mistake by not listening
• 18:14
  KT: to him through the years, and I'll never be able
• 18:18
  KT: to make this right.
• 18:20
  KT: I feel so much shame. I feel stupid. I can't
• 18:24
  KT: fix this. I have tried to make wise decisions with
• 18:28
  KT: my money all these years, and I ultimately missed out
• 18:32
  KT: on the biggest opportunity by not at least keeping some
• 18:37
  KT: Moderna stock when it was $22 a share. I could
• 18:42
  KT: have put money towards that and kept the faith. Instead,
• 18:46
  KT: I failed.
• 18:48
  KT: Oh, I am not a big risk taker, and I
• 18:51
  KT: think things through before I act. Suze, so how can
• 18:56
  KT: I take more risk in the stock market and be
• 18:59
  KT: comfortable with it? How do I balance smart money moves
• 19:03
  KT: and the feelings and well-being of my partner? Well, not
• 19:08
  KT: my partner any more. And then it signs sincerely, filled
• 19:13
  KT: with shame and heartbreak.
• 19:16
  KT: I can't believe that we got this email, Suze.
• 19:19
  Suze: We just got it. Look at the date on it.
• 19:22
  KT: 24th.
• 19:23
  Suze: We just got this. Just got this.
• 19:24
  KT: And that's why we're actually also doing this...
• 19:27
  Suze: Podcast because of this one email that, that I read.
• 19:32
  Suze: KT read. So do you wanna go first or you
• 19:36
  Suze: want me to?
• 19:37
  KT: I want you to tell, tell everyone, how do you? I,
• 19:40
  KT: they know how I feel. How do you feel?
• 19:43
  Suze: Listen to me, the greatest investment that you can ever
• 19:50
  Suze: make ever, is to have faith in yourself and to
• 19:55
  Suze: trust yourself more than you trust others, and you did
• 20:00
  Suze: exactly that.
• 20:02
  Suze: Why do I have a feeling this loser boyfriend of yours,
• 20:07
  Suze: and in my opinion, a total loser, he sells internet
• 20:11
  Suze: and he's good at it. The names of really, are
• 20:14
  Suze: you kidding me? And in the meantime you have almost
• 20:18
  Suze: $2 million. You have retirement accounts, you have a pension, savings, investments.
• 20:23
  Suze: No car payment and enough money to potentially buy a
• 20:26
  Suze: home for cash. Are you crazy? You did not fail him, girlfriend.
• 20:33
  Suze: He failed you. Listen, your boyfriend wanted you to gamble
• 20:39
  Suze: everything you had on one biotechnology stock. Are you crazy?
• 20:44
  Suze: That is not investing. Listen to me closely. That is
• 20:48
  Suze: reckless speculation.
• 20:50
  Suze: You already followed him into the options trading. What about that?
• 20:56
  Suze: You followed him. You did what he said and you
• 20:58
  Suze: lost everything. That was your warning that he didn't know
• 21:02
  Suze: his ass from a hole in the ground. Do you
• 21:05
  Suze: hear me? We both owned that stock when the COVID happened,
• 21:12
  Suze: when they had the vaccine for it and everything, and
• 21:15
  Suze: it went up and then it went down, and guess what?
• 21:18
  Suze: I sold it just like you did.
• 21:21
  Suze: You think I'm a loser? You think I missed the
• 21:24
  Suze: biggest investment opportunity of my life? In the meantime, yeah, sure.
• 21:30
  Suze: On that day it went up 180% on the 19th,
• 21:36
  Suze: went as high as 174, where he probably would have
• 21:41
  Suze: had you buy in. It's now around 147 and who
• 21:46
  Suze: knew that a trial was going to be successful? Do
• 21:49
  Suze: you know how many stocks come out and they go
• 21:52
  Suze: for trial and it doesn't happen? Are you crazy? Remember,
• 21:58
  Suze: nobody knew what that result was gonna be. And once
• 22:01
  Suze: that news went public, like I said, that stock exploded.
• 22:06
  Suze: And that's when you never want to chase it.
• 22:09
  KT: It's a should have, could have, would have story, and
• 22:11
  KT: quite honestly, she's blessed that he broke up with her
• 22:17
  KT: and lucky you, lucky you to get rid of this
• 22:21
  KT: loser on every level. You know what made me the
• 22:24
  KT: most upset? Not the Moderna. Wanna hear it?
• 22:28
  KT: What has he contributed to your future home together? Nowhere
• 22:34
  KT: in this email is there a mention of his contribution
• 22:39
  KT: at all.
• 22:41
  Suze: But here's, here's what I didn't hear.
• 22:43
  Suze: Nowhere in this letter did he say to her, I
• 22:47
  Suze: invested in Moderna. I did it. I put everything I
• 22:52
  Suze: had into it. He, why didn't he, if he was
• 22:56
  Suze: so certain, why didn't he build his own savings and
• 23:00
  Suze: invest his own money?
• 23:01
  KT: Or why didn't he get money from his assets, if
• 23:05
  KT: he has any, to put in if he was that
• 23:08
  KT: hell bent, sure that it would work.
• 23:11
  Suze: Why didn't he and why KT did did his dream
• 23:15
  Suze: of owning one or two homes depend upon risking everything
• 23:21
  Suze: that she had worked for, right? He did not break
• 23:24
  Suze: up with you because you failed to provide him with
• 23:27
  Suze: two homes. He broke up with you, in my opinion,
• 23:30
  Suze: because you would not surrender control of your money to
• 23:34
  Suze: what he wanted. And by the way, I just have
• 23:37
  Suze: to tell you that is what I call financial coercion,
• 23:42
  Suze: not a partnership. He was coercing you to do something
• 23:47
  Suze: that isn't what partners do, and...
• 23:50
  KT: Wait, we have to stop being so excited. We're both really...
• 23:53
  Suze: I'm so aggravated at this.
• 23:54
  KT: We're both mad. We're both mad. So let's, let's talk
• 23:57
  KT: it out, Suze.
• 23:58
  Suze: So wait, let me tell her what she needs to do.
• 24:00
  KT: Just talk gently now because we're yelling at everybody. They
• 24:04
  KT: don't want to hear us yelling.
• 24:08
  Suze: Argh!
• 24:08
  KT: Calm down.
• 24:09
  Suze: So here's what you need to do, right? You don't
• 24:13
  Suze: need to become more comfortable taking more risk. You need
• 24:19
  Suze: to become comfortable trusting yourself. Do you hear me? So
• 24:24
  Suze: here are your rules from this moment forward. Keep every
• 24:30
  Suze: dollar intended for a home or emergencies completely safe in
• 24:35
  Suze: the money market accounts in the Alliant Credit Union, if
• 24:38
  Suze: you want, right, if you know it's gonna be more
• 24:40
  Suze: of a year, if you want to speculate in individual stocks,
• 24:45
  Suze: you are never, ever, ever, and this is true for
• 24:48
  Suze: all of you, by the way, use more than 5%
• 24:52
  Suze: of your investable money, got that? And only money you
• 24:56
  Suze: could lose without changing your life. Haven't I told you
• 25:00
  Suze: all that.
• 25:00
  Suze: About when it comes to Bitcoin, even though I think
• 25:03
  Suze: Bitcoin's on its way up, I always said, KT's got
• 25:07
  Suze: her arms going, Calm down, Suze, calm down.
• 25:12
  KT: Gentle.
• 25:13
  Suze: I don't like being gentle.
• 25:13
  Suze: Just give everybody good information, good advice.
• 25:17
  Suze: So you know, never speculate with money that if you
• 25:23
  Suze: lose it, you'll be upset, right.
• 25:26
  Suze: Next, you are never to trade options to please anybody.
• 25:32
  Suze: Options is the most speculative strategy out there. There are
• 25:37
  Suze: two sides to options buying options and selling options. And
• 25:41
  Suze: do you remember how I became who I am today?
• 25:44
  Suze: It's because all those people at the Buttercup Bakery that
• 25:49
  Suze: I worked at for seven years making $400 a month
• 25:53
  Suze: gave me $50,000 to keep safe and sound until they
• 25:56
  Suze: could help me open up my own restaurant. They send
• 25:59
  Suze: me to Merrill Lynch.
• 26:01
  Suze: The guy that I was assigned to, the broker of
• 26:04
  Suze: the day, puts all $50,000 into the options market buying
• 26:09
  Suze: calls on oil stock.
• 26:11
  KT: You didn't know what that was.
• 26:12
  Suze: I didn't know what that was, but I said, OK,
• 26:14
  Suze: all $50,000 was loss. So you never do what somebody
• 26:21
  Suze: else tells you to do, especially number one, if you
• 26:24
  Suze: don't understand it. And number two, when they tell you
• 26:27
  Suze: to buy options, you have to be out of your mind.
• 26:31
  Suze: And never purchase a home with an unmarried partner without
• 26:36
  Suze: a written legal agreement, KT.
• 26:39
  Suze: Protecting your ownership and money. Do you hear me now? Obviously, KT,
• 26:47
  Suze: a partner may have a voice in a shared financial plan. Great, right?
• 26:51
  Suze: We talk about it all the time all the time, right?
• 26:54
  Suze: But a partner does not get control over assets you
• 26:59
  Suze: spent decades building. That is your money, your money.
• 27:04
  KT: Can I just say something? I just wanna butt in
• 27:06
  KT: here about us.
• 27:08
  KT: Often Suze sees opportunities and she instructs, you know, uh,
• 27:14
  KT: the people that look after our money, what she wants
• 27:17
  KT: to buy or sell, and then she turns to me
• 27:19
  KT: and say, KT, would you like to buy some? And
• 27:23
  KT: I'll say, what do you think, Suze? She said, I
• 27:25
  KT: think it's good. I'm doing this. And I said, OK,
• 27:27
  KT: I'll do half. And she says, OK, KT will do half.
• 27:31
  KT: That's how we do it, Suze always...
• 27:34
  Suze: Or she says, No, I don't wanna do that.
• 27:36
  KT: Yeah, many times I didn't like something and I said, Nope,
• 27:39
  KT: I'm out. And Suze never ever tries to persuade me
• 27:45
  KT: when the truth is.
• 27:46
  KT: I should just listen to her every time because it's
• 27:50
  KT: very rare that she's lost.
• 27:52
  Suze: But the main thing to this person is you did
• 27:55
  Suze: not miss your future...
• 27:57
  KT: And no shame.
• 27:59
  Suze: ... you protected it, my friend.
• 28:01
  Suze: You protected it. You know, someday you're gonna realize that
• 28:06
  Suze: this breakup saved you far more than Moderna ever could
• 28:12
  Suze: have made you. So promise me, please, that you will
• 28:17
  Suze: never go back with this person. You never should have
• 28:20
  Suze: even been with this person.
• 28:23
  KT: 12 years. He's 12 years. He's 56...
• 28:26
  Suze: And a loser.
• 28:27
  KT: You're 44 and young and available, find a partner that
• 28:33
  KT: is equally as responsible as you.
• 28:35
  Suze: And I love that you're living with your mother. I love
• 28:40
  Suze: everything that you're doing. You've built a fortune over time,
• 28:45
  Suze: little by little, not by one stock that's skyrocketed, and
• 28:51
  Suze: who knows where it goes from there, so.
• 28:55
  Suze: How do you feel about it?
• 28:57
  KT: If she, if, if he tries to come back and make
• 29:00
  KT: up with her?
• 29:01
  Suze: Are you crazy? I wouldn't have anything to do with
• 29:04
  Suze: this person, for all the money in the world, you know,
• 29:08
  Suze: Maya Angelou had that saying, when somebody first shows you
• 29:12
  Suze: who they are, you best believe them. This man has
• 29:17
  Suze: shown you over and over again who he is, and
• 29:22
  Suze: would I buy him if he were a stock? I
• 29:25
  Suze: would actually short him. I would short him because in
• 29:29
  Suze: my opinion he's worthless.
• 29:35
  KT: OK, listen up, girlfriend. You have a whole lifetime ahead
• 29:40
  KT: of you and some nice pocket change in the bank.
• 29:44
  Suze: So I'm going to write this all up and I
• 29:47
  Suze: am going to email it to you just in case
• 29:50
  Suze: you haven't listened to this podcast. Now, KT.
• 29:56
  Suze: That's it. We're over. But there is one more thing
• 30:00
  Suze: I wanna remind all of you about.
• 30:01
  KT: The reminder of our big October talk,
• 30:04
  Suze: Because it's coming October 3rd and 4th at the Alex
• 30:10
  Suze: Theater in Glendale, California is a tremendous celebration for Louise
• 30:17
  Suze: Hay's 100th birthday.
• 30:20
  Suze: Um, obviously, she died a number of years ago, but
• 30:24
  Suze: you got to celebrate her. We all celebrate her because
• 30:28
  Suze: her work literally transformed millions and millions of people throughout
• 30:34
  Suze: this world to show them how to live lives full
• 30:38
  Suze: of love.
• 30:39
  Suze: Happiness, productivity, and power, which is why they call it
• 30:45
  Suze: the Empower event. So all you have to do is
• 30:49
  Suze: go to Suze, S U Z E, Suze Orman.com/empower, E
• 30:55
  Suze: M P O W E R.
• 30:58
  Suze: Look at it there now all the VIP tickets have
• 31:01
  Suze: been sold out. They're almost sold out of the general
• 31:05
  Suze: admission tickets. I was told the other day. I am
• 31:09
  Suze: speaking on October 4th. I am the closing keynote, and afterwards, everybody,
• 31:16
  Suze: don't ask me why I am crazy enough to have
• 31:19
  Suze: done this, but I'm going to be doing a meet
• 31:22
  Suze: and greet with all of you and guess who's gonna
• 31:26
  Suze: be right by my side? KT! So you can come
• 31:30
  Suze: and meet both of us. Tickets are $100. However, look
• 31:36
  Suze: at everything that you do get for it again, that's
• 31:40
  Suze: for two full days and many other things, but come on,
• 31:45
  Suze: go to...
• 31:45
  Suze: ...if you're in the LA area, by the way, Suze
• 31:48
  Suze: Orman.com/empower and come on out. So KT, we did a
• 31:55
  Suze: live podcast.
• 31:57
  KT: And we only want you to remember three things, and
• 31:59
  KT: they are people first, then money, then things. Now you...
• 32:03
  Suze: Stay safe. All right, everybody, see you soon. Bye bye.